its not over... yet. Possible collapse in BTC

Bitcoin on the weekly, with measuring RSI.
The red vertical lines show where the RSI has been rejected at the 70% zone- which is the euphoric bullish control zone.

In the past, every time that the RSI has attempted to break above this line and fail - there has been a reasonably long correction - often this is a late signal that the bull market is over.

The candle closes on Monday morning, and things are not over yet.

Bullish case:
The RSI moving average is still aiming up, which gives some hope. If we look back to august 2019 i have circled where this previously happened there the MA was above the 70 - there was a rejection, and the bear market started... But as it stands, if BTC recovers and breaks above the 70 I believe that the bull market continues...

Bearish case:
There is bearish divergence on the weekly, which has been bearish on all the previous times below (the down red arrow on the RSI)

Uncertainty in the market:
The FOMC is going happen today, and I wouldnt be suprised if it can save the bull market (for equities as well). But I do believe that a large move is imminent - and I have decided to err on the side of caution.